Why rejection is the best strategy of growing a start


The opinions expressed by the contributors of the entrepreneur are theirs.

Starting a new company is like starting a offshore ship. You have invested your heart, time and resources in an idea, hoping that it will not only swim but also conquer the wide ocean of opportunities. However, the first control of reality often comes in the form of EA Rejection by investors. This moment reveals that not everyone share your faith.

So how do you do refusalLearn from it and why is it one of the most valuable stages of growth for any beginning?

Rejection is part of the game

Let's start with a fact: About 90% of the beginnings fail. This terrible figure should not depressed you; It must be directed in a sense that this is a normal comprehensive phenomenon. Not all venture funds match your project, and your project cannot always fit their expectations.

Each fund has its strategy. Some require startups that already generate revenue, while others prefer to work in the earliest stages. some Prioritize the founder's experienceWhile others are ready to give a chance to a newcomers. Even a very promising project may not fit the fund's investment strategy at the moment.

For example, I once worked with a founder who had made tremendous efforts to present their idea. The project had potential, but the target market was very narrow. Our fund did not accept the possibility, which is understood to disappoint the founder. However, they received the reactions constructively, reworked their strategy and identified a wider market. Today, their beginning is blooming, and that rejection became a main lesson.

Why refusals to feel personal

It hurts to hear “no”, especially after you put everything on a project. It almost feels like a personal attack.

But the truth is that rejection is not about you. Often reflects market conditions or fund strategy. An investor may fall because their portfolio already includes similar projects or they have seen comparable beginnings fail. Sometimes, the fund is without money for the year, or your project was not compatible with their plans.

Moreover, it is important to remember that rejection is a business decision, not an attempt to weaken or insult you. Anger reaction sends wrong signals to investors because this is business; There is no room for emotions. Once, I received an email from a founder accusing our fund of injustice. This response revealed an inability to address criticism, raising concerns about their emotional resistance and leadership qualities.

Emotion resistance

This is an emotional coaster; One praises him hard, and the other will simply make fun of. Rejection is only part of this dynamic. Successful founders are those who can resist emotional pressure and use it as a motive to grow.

Investors require not only ideas but also leaders. They want to see individuals who can stay composed in challenging situations. Of course, the crises occur, and during them, the founder must discover his ability without being fully in an emotional coaster.

Connected: Emotional resistance is essential. Here's how to cultivate it.

How to respond to refusal

Any refusal is an option for analysis. Instead of dwelling in disappointment, ask yourself:

  • Could what could have improved in your presentation?
  • Did the investor understand your value?
  • Have you provided enough data to strengthen your issue?

I am a big fan of tips to seek investors for feedback after a refusal. Such a reaction can help you understand what to do next time you meet them. Even if the investor does not give you specific details, being underestimated by their comments would show a more positive attitude towards the next road.

In my practice, I have seen numerous cases when the refusal became a turning point. Take a case, for example, and the project underwent some refusals before it finally met the investor who considered it quite valuable. The refusal then made the team look back in their target market and market strategy, and eventually, that beginning is now operating to a scale it never imagined.

On the contrary, I have seen many founders express their anger or disappointment for such images, which is a red flag in itself. If one cannot handle refusal, it asks questions about their ability to face more important challenges.

Connected: How to become an elastic entrepreneur in 4 steps

Why learn from rejection of issues

Any refusal helps identify weaknesses in your approach. An opportunity to ask essential questions:

  • Do you understand your audience?
  • Are you clearly communicating your value?
  • Are you strengthening your team?

Rejection can be a powerful tool for self-reflection and planning of your next steps. They provide valuable knowledge that can form a founder's approach to future challenges. For example, refusals often push the founders to develop emotional resistance, learn to dance again stronger, and maintain their focus on their goals. They also encourage the ability to accept criticism constructively, using feedback to refine strategies, improve products and improve team performance.

Any aspect of any refusal must be made a opportunity to learn and improve. The moment you see rejection as a fuel for your growth is the moment you strengthen yourself as an entrepreneur. Investors require not only great ideas, but people who can turn those ideas into successful enterprises. By indicating that you can handle disasters becomes your competitive advantage.

Rejection, remember, is by no means an end road. Is a part of the journey. Learn and grow and see how 'no' changes to 'yes'.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *